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Super Micro's revised gross margins and a record $60 billion order backlog sent AI server stocks surging across the board
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Super Micro Computer dropped preliminary fiscal Q4 2026 results that looked mediocre on the surface, with revenue landing near the low end of its $11-$12.5B guidance range. But buried in the release was the kind of number that makes institutional investors start clicking buy buttons: gross margins revised upward to 15-17%, nearly double the previous forecast of 8.2-8.4%.
